Home / Knowledge / News / Apparel/Garments / Bangladesh apparel exports surpass target in July 2014
Bangladesh apparel exports surpass target in July 2014
20
Aug '14
The exports of readymade garments from Bangladesh exceeded the target of US$ 2.465 billion set by the Government for the month of July 2014.

According to the latest report by the Export Promotion Bureau (EPB), Bangladesh’s apparel exports reached US$2.517 billion during the month of July 2014, with an increase of 2.1 percent over the target set for the month.

In July 2014, Bangladesh’s garment exports increased by 0.07 percent to US$2.517 billion, compared to exports of US$2.515 billion made in July 2013.

Segment-wise, woven apparel exports decreased by 4.14 percent to US $1.210 billion during July 2014, as compared to US $1.262 billion worth of exports made in July 2013, whereas knitwear exports increased by 4.32 percent to US $1.307 billion during July 2014, as compared to US $1.253 billion during July 2013.

Knitwear and woven garments together computed for about 84.4 percent of total US $ 2.982 billion worth exports made by the South Asian nation during the month of July 2014.

With the presence of more than 5,000 garment factories that together employ nearly 4.2 million workers, Bangladesh is currently the second-largest garment exporter in the world, next only to China.

To help continuation of the development of the garment industry, the Bangladesh Government has reduced the duty on flex fiber, a raw material used to make the fabrics bright, from 10 percent to 5 percent for fiscal year 2014-15 that began on July 1, 2014. Likewise, the duty on artificial staple fiber was also reduced to 3 percent from the earlier 5 percent.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search